NPCI joins hands with payment aggregators to enable merchant transactions via credit cards on UPI

After the Reserve Bank of India’s (RBI) latest move in the digital payments space to link RuPay credit cards to UPI, National Payments Corporation of India (NPCI) has joined hands with India’s leading payment aggregators to support credit transactions on Unified Payments Interface (UPI).

NPCI has enabled key aggregators like BharatPe, Cashfree Payments, Google Pay, Razorpay, Paytm, PayU and Pine Labs in order to enable merchant transactions through RuPay credit cards on UPI in the Indian market.

Earlier, UPI customers were able to make transactions only through their bank accounts, overdraft accounts, and prepaid accounts. Now, the linking of RuPay credit cards to UPI will ensure that customers will no longer have to carry their credit cards with them at all times for payments, NPCI said in a statement.